Day Trade Cheat Sheet - March 23, 2026 (Morning)

 ## MARKET MOOD: MIXED Overnight sentiment is cautious as geopolitical tensions around Iran escalate, pressuring energy prices and safe-haven assets. However, institutional buying in crypto and financials is supporting selective risk-on trades, keeping markets from a broad selloff. ## TOP 5 HEADLINES 1. Tom Lee's Bitmine extends buying streak with $138 million ETH purchase → Impact: Signals renewed institutional interest in crypto, potentially boosting related assets. 2. Goldman Sachs: Selloff Represents Good Entry Point For Investors → Impact: Encourages dip buying, supporting market resilience. 3. BlackRock and Fidelity Buy $400M in Bitcoin as Gold Enters Bear Market → Impact: Suggests rotation from traditional safe havens to digital assets. 4. UBS Lowers PT on United Airlines Holdings (UAL) Stock → Impact: Weighs on airline sector amid geopolitical uncertainty. 5. Barclays Downgrades Adobe Inc. (ADBE) Stock to Equal Weight → Impact: May pressure tech sector sentiment, especially software names. ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$SEDG** - +13.91% surge on Jefferies price target hike and strong growth outlook **$PL** - +29.32% rally on double-digit growth outlook and momentum **$ARM** - +4.58% on positive industry developments and strong demand **$APO** - +3.17% after news of strategic acquisition in Japan **$BKNG** - +3.63% on strong travel demand and sector rebound **$MS** - +5.63% following strong earnings and positive market positioning ### Shorts (Bearish Catalysts) **$ATI** - -6.68% on weaker demand outlook and profit warnings **$MOS** - -9.24% due to softer fertilizer demand and margin pressure **$RIVN** - -5.40% after neutral rating from Cantor Fitzgerald post-Uber deal **$LNG** - -3.16% on geopolitical risks and weaker Q4 outlook **$INTC** - -2.90% amid sector headwinds and valuation concerns **$MU** - -3.33% on profit-taking and chip sector volatility ## INDEX BIAS **SPY:** NEUTRAL - Modest gains reflect cautious optimism amid geopolitical risks and selective sector strength. **QQQ:** NEUTRAL - Tech weakness offsets pockets of strength; watch for Adobe and Nvidia reactions. **IWM:** BULLISH - Small caps leading with a 0.66% gain, benefiting from risk-on flows and energy sector weakness easing. ## SECTORS **Favor:** Financials (XLF) - +2.02% on strong earnings and institutional buying. **Avoid:** Energy (XLE) - -2.38% due to falling oil prices and geopolitical uncertainty impacting supply concerns. ## CATALYST WATCH Events today that could move markets: - 10:00 AM ET: Existing Home Sales (Feb) - Key housing market indicator amid rate concerns - 2:00 PM ET: Fed Speaker Remarks - Watch for any signals on interest rate policy amid inflation and geopolitical risks ## BOTTOM LINE **Today's Play:** Selective Markets are digesting geopolitical tensions with a mixed risk appetite. Financials and select growth names with strong catalysts (like **$SEDG**, **$PL**, **$ARM**) offer opportunities, while energy and some tech stocks face headwinds. Watch for volatility around geopolitical headlines and Fed commentary. Focus on high-conviction setups in resilient sectors and avoid broad exposure to energy and vulnerable tech names.